BUZZ Investing: Equities Rally Amidst Encouraging Inflation Data

Nov. 23, 2022 3:25 AM ETAFRM, AMD, AMZN, BA, BAC, CCL, COIN, CUK, ENPH, F, GOOG, GOOGL, HOOD, JPM, LCID, META, NFLX, NVDA, PLTR, PLUG, SHOP, SHOP:CA, SNAP, TSLA, BUZZ
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Summary

  • A lower-than-expected CPI report resulted in a dramatic rally in equities. Also contributing to stability was the resilience of US consumer spending and domestic GDP growth.
  • Upbeat corporate earnings, resilient US consumer spending, and domestic GDP growth, which beat expectations, overcame earnings disappointments from several mega-cap technology stocks.
  • The S&P 500 Index gained, pulling the widely followed index out of bear market territory for the year.

forex trading background

nevarpp

A lower-than-expected CPI report resulted in a dramatic rally in equities. Also contributing to stability was the resilience of US consumer spending and domestic GDP growth.

Stability seemed to take root across domestic markets during the recent period

Coinbase Global Stock Price | January 2022 - November 2022

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